Web Links

• p. 619: Follow the link http://subscribe.wsj.com/microexamples/monopolisticcompetition.html to Wall Street Journal articles about real-world examples involving monopolistic competition.

Issues and Applications Web Resources:

• To learn about the recent growth in the downloadable music business, follow the link http://www.pcworld.com/news/article/0,aid,113665,00.asp to an article from PC World.
• For a more downbeat assessment from BusinessWeek about the long-run future of the market for downloadable songs, go to http://www.businessweek.com/technology/content/oct2003/tc20031017_1991_tc078.htm.

Legal Services on the Internet
A number of legal firms now offer services on the Internet, and in this application you contemplate features of the market for Web-based legal services.

     Title: Nolo.com—Law for All

     Navigation: Visit http://www.nolo.com/.

Application
Answer the following questions.

1. In what respects does the market for legal services, such as those provided online by Nolo.com, have the characteristics of a monopolistically competitive industry?

2. How can providers of legal services differentiate their products? How does Nolo.com attempt to do this?